Reddit reported first-quarter revenue of $663 million, surpassing analyst estimates of $611 million, driven by a 74% surge in advertising revenue and a 75% increase in advertisers. Adjusted earnings per share were $1.01, well above the expected $0.58, and adjusted EBITDA reached $266 million, beating estimates. Daily active users rose 17% to 126.8 million, exceeding expectations. Reddit also provided strong guidance for Q2 revenue and EBITDA, highlighting cost discipline and improved gross margins despite increased AI investments, leading analysts to raise revenue and EBITDA forecasts for 2026.
Reddit (RDDT) is rated a Strong Buy with a $200 target price, implying a 42% upside driven by strong revenue growth and undervalued stock multiples. The year 2026 is seen as a turning point due to higher ad loads, new ad formats, and accelerating ave...
Reddit, Inc. has seen its stock price retrace after initial excitement over AI and user growth diminished. The company reported a modest 7% year-over-year increase in logged-in users for Q1 2026, with key U.S. user growth under 10%. While Reddit's po...
Last week, large-cap stocks in sectors like technology, electric vehicles, data centers, and healthcare experienced declines due to weak earnings guidance, regulatory worries, rising bond yields, and increased competition. Notable losers included Int...
Reddit shares fell about 6% after Meta launched a test app called Forum on Apple's iOS, aiming to compete with Reddit's online discussion groups. Analysts warn this could reduce Reddit's appeal to casual users seeking quick answers, potentially erodi...
